Yesterday, 1 EURO reached 96 ISK which was the worst in the past 2 years. EURO is strong these days and the Icelandic Króna not so much apparently…
Basically it’s time to come to Iceland (wait no, there is a snow storm right now) and time for me to hold tight.
Jan. 15 (Bloomberg) — The Icelandic krona may slump as concern the global economy is slowing causes investors to sell high-yielding currencies for safer assets, according to Merrill Lynch & Co., the third-largest U.S. securities firm.
As market continue to plummet, ratio EUR/ISK cross is now 97.30.
100, 6 today. It’s not likely to change for the upcoming month.
105;9 today. That’s worst than the worst prediction I read. It’s a loss of 2€ per 10 as the average for the past 3 years.
128 Today. I’d rather laugh than cry.
[...] wrote on the 17th of January a sort of live report on the major financial crisis Iceland is facing right now. At that time I had no idea what was [...]